FX:AUDNZD   Australian Dollar / New Zealand Dollar
467 0 15
Here on the 4h chart of AUD/NZD             we have a potential long and short opportunity.

As you can see price on the AUD/NZD             has fallen into strong structure support , which also coincides with the C leg of the Cypher Pattern at the 1.414% extension.

Depending on your trading plan and style, you could buy at market in anticipation that price will rally to the D leg of the Cypher Pattern .
A more conservative approach would be to await price to break and close below the PRZ zone at which point would indicate price would keep falling.
Another conservative approach would be to await a rally to the D leg of the Cypher Pattern before getting short.

I feel both the aggressive and conservative approach are plausible, but always trade your plan.

Anymore information don't hesitate to contact me.

Have a great trading week.
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